KO bounce after reversion
KO is currently in a demand zone forming a double bottom.
Nothing wrong with the company although it isn't cheap even after the retracement, but the stock tends to trade at a premium.
I would expect this to be a decent entry point for either a swing towards previous high's region or for building/increasing long term position.
If you are interested just in a swing trade than a close below 61 would invalidate the trade.
Nothing wrong with the company although it isn't cheap even after the retracement, but the stock tends to trade at a premium.
I would expect this to be a decent entry point for either a swing towards previous high's region or for building/increasing long term position.
If you are interested just in a swing trade than a close below 61 would invalidate the trade.
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